State RegulationsGA specificDifficulty 1/5
A Georgia purchaser timely returns an individual life policy under the free-look provision, sending it back by certified mail. Under O.C.G.A. § 33-25-8, what is the effect of the return?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under O.C.G.A. § 33-25-8, an individual life policy returned within the 10-day examination period is void from the beginning as if never issued, the purchaser receives a full refund of premium, and return by certified mail or statutory overnight delivery is prima-facie evidence of return. This complements the 10-day window and protects purchasers who act within it.
Why the other options are wrong
- B) Voidness runs from the beginning, not from the date of return, and the refund is of premium paid.
- C) The policy does not remain in force pending acknowledgment; once timely returned it is void from the beginning.
- D) Certified mail or statutory overnight delivery suffices; hand delivery is not required.
Memory hook
Void ab initio, certified mail proves it.